April 2, 2013 - EX-99.S2 - POS 8C: Post-effective amendment filed under the 1933 Act only or under both the 1933 and 1940 Acts pursuant to Section 8(c) of the 1933 Act by closed-end investment companies (this filing cannot be submitted as a 1940 Act only filing)

Exhibit (s)(2)

Triangle Capital Corporation

Computation of Ratio of Earnings to Fixed Charges


	Year Ended 12/31/2008		Year Ended 12/31/2009		Year Ended 12/31/2010		Year Ended 12/31/2011		Year Ended 12/31/2012
Earnings:
Net Increase (Decrease) in Net Assets Resuting from Operations		7,638,501		4,036,703		25,390,549		56,771,037		60,063,517
Add back: Income Tax Expense (Benefit) and Excise Taxes		133,010		149,841		220,740		908,416		551,830
Add back: Fixed Charges		4,483,124		7,264,409		8,147,006		11,059,503		17,242,709

Total Earnings		12,254,635		11,450,953		33,758,295		68,738,956		77,858,056


Fixed Charges:
Interest and other financing fees		4,483,124		7,264,409		7,782,380		10,901,913		16,412,898
Loss on extinguishment of debt						364,626		157,590		829,811

Total Fixed Charges		4,483,124		7,264,409		8,147,006		11,059,503		17,242,709


Ratio of Earnings to Fixed Charges		2.73		1.58		4.14		6.22		4.52

Footnote disclosure:

Footnote (1) disclosure and calculation:


	Year Ended 12/31/2008		Year Ended 12/31/2009		Year Ended 12/31/2010			Year Ended 12/31/2011			Year Ended 12/31/2012
Earnings (excluding unrealized gains/losses):
Net Increase (Decrease) in Net Assets Resuting from Operations		7,638,501		4,036,703		25,390,549			56,771,037			60,063,517
Add back: Income Tax Expense (Benefit) and Excise Taxes		133,010		149,841		220,740			908,416			551,830
Add back: Fixed Charges		4,483,124		7,264,409		8,147,006			11,059,503			17,242,709
Exclude: Unrealized (Gains) Losses		4,286,375		10,310,194		(10,940,689	)		(6,367,473	)		2,878,015

Total Earnings (excluding unrealized gains/losses)		16,541,010		21,761,147		22,817,606			62,371,483			80,736,071


Fixed Charges:
Interest and other financing fees		4,483,124		7,264,409		7,782,380			10,901,913			16,412,898
Loss on extinguishment of debt						364,626			157,590			829,811

Total Fixed Charges		4,483,124		7,264,409		8,147,006			11,059,503			17,242,709


Ratio of Earnings (Excluding Unrealized Gain/Loss) to Fixed Charges		3.69		3.00		2.80			5.64			4.68

Footnote (2) disclosure and calculation


	Year Ended 12/31/2008			Year Ended 12/31/2009			Year Ended 12/31/2010			Year Ended 12/31/2011			Year Ended 12/31/2012
Earnings (excluding unrealized and realized gains/losses):
Net Increase (Decrease) in Net Assets Resuting from Operations		7,638,501			4,036,703			25,390,549			56,771,037			60,063,517
Add back: Income Tax Expense (Benefit) and Excise Taxes		133,010			149,841			220,740			908,416			551,830
Add back: Fixed Charges		4,483,124			7,264,409			8,147,006			11,059,503			17,242,709
Exclude: Unrealized (Gains) Losses		4,286,375			10,310,194			(10,940,689	)		(6,367,473	)		2,878,015
Exclude: Realized (Gains) Losses		(1,435,608	)		(448,164	)		5,478,873			(10,973,487	)		(6,660,776)

Total Earnings (excluding unrealized and realized gains/losses)		15,105,402			21,312,983			28,296,479			51,397,996			74,075,295


Fixed Charges:
Interest and other financing fees		4,483,124			7,264,409			7,782,380			10,901,913			16,412,898
Loss on extinguishment of debt								364,626			157,590			829,811

Total Fixed Charges		4,483,124			7,264,409			8,147,006			11,059,503			17,242,709


Ratio of Earnings (Excluding Unrealized Gain/Loss) to Fixed Charges		3.37			2.93			3.47			4.65			4.30